Invesco Ltd. Purchases 7,604 Shares of Chimera Investment Co. (NYSE:CIM)

Invesco Ltd. increased its position in shares of Chimera Investment Co. (NYSE:CIM) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,228 shares of the real estate investment trust’s stock after purchasing an additional 7,604 shares during the period. Invesco Ltd.’s holdings in Chimera Investment were worth $1,613,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CIM. Wedbush Securities Inc. lifted its holdings in shares of Chimera Investment by 47.6% during the 4th quarter. Wedbush Securities Inc. now owns 23,298 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 7,516 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Chimera Investment during the fourth quarter worth about $170,000. Wells Fargo & Company MN lifted its holdings in shares of Chimera Investment by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 117,258 shares of the real estate investment trust’s stock valued at $1,642,000 after acquiring an additional 8,282 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Chimera Investment in the 4th quarter worth about $1,231,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Chimera Investment during the fourth quarter worth approximately $111,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the purchase, the director now directly owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.91% of the company’s stock.

Chimera Investment Stock Performance

Shares of Chimera Investment stock opened at $12.29 on Wednesday. The firm has a 50 day simple moving average of $12.66 and a 200 day simple moving average of $14.00. Chimera Investment Co. has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The firm has a market cap of $994.54 million, a P/E ratio of 11.38 and a beta of 1.47.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. Sell-side analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date is Monday, March 31st. Chimera Investment’s dividend payout ratio (DPR) is 137.04%.

Analyst Ratings Changes

CIM has been the topic of several recent analyst reports. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.